代理店の支払条件（Terms of Payment）

1.      Commission shall be calculated pursuant to the following formula  (hereinafter called
       “Calculation Formula”).

               Net Sales Price X Twenty Percent (20%)= Commission
 

       2.   For the purpose of calculation of Commission, Net Sales Price to be used in Calculation
             Formula shall be deemed to have accrued at the time when Net Sales Price is received
             by Agent from Customers.

3.      Agent shall once receive any and all the amount of Net Sales Price from Customers on
      behalf of Company and deduct Commission and, thereafter, shall remit the balance of
      the amount of Net Sales Price after deduction of Commission (hereinafter called
      “Balance of Net Sales Price”) in accordance with the terms and conditions in this Article.

4.      For the avoidance of doubt, this Article does not impose on Agent any obligation,
      guarantee or liability with respect to the collection of Net Sales Price from Customers.

5.      Agent shall calculate the total amount of Net Sales Price paid by Customers and
      Commission which accrued during one (1) month period from the first to the last day of
      each calendar month (hereinafter called “Computation Period”) and send a report with
      documentary evidence to Company within five (5) Agent’s working days from the day
      following the last day of each Computation Period. The said report shall indicate,
      in Japanese Yen, the information of total amount of Net Sales Price paid by Customers
     during Computation Period, and the amount of Commission and other necessary
      information, if any (hereinafter called “Commission Report”).

6.      If Company has a question about or does not accept Commission Report, Company
      shall send a written notice of inquiry or non-acceptance accompanied by its reason to
      Agent  within five (5) Agent’s working days from the date of Commission Report.
      Unless the foregoing notice is provided in the aforesaid manner, Company shall be
      deemed to have agreed to and accepted Commission Report and Agent shall remit
      Balance of Net Sales Price in US Dollars by wire transfer to the designated bank
      account of Company on or before the last day of the following month of
      each Computation Period. The conversion of Japanese Yen into US Dollars shall be
      based on the official rate of exchange prevailing at the bank Agent uses on the day
      when remittance is made.

7.      Commission shall not be refundable for any reason whatsoever.

8.    Remittance cost shall be borne by Company.